Long-Term, Part-Time Employee (LTPTE) Regulations Proposed by IRS
On November 27, 2023, the IRS released proposed regulations addressing the new rules for long-term, part-time employees (“LTPTEs”) under tax-qualified retirement plans, including 401(k) plans. […]
Retirement Plan Assistance for Domestic Abuse Survivors
To better assist domestic abuse survivors, retirement plan administrators may consider amending their plan for 2024. Section 314 of the SECURE 2.0 Act beginning in […]
IRS Grants Relief from Secure 2.0 Roth Catch-Up Provisions
Good news! On August 25, 2023, the IRS issued Notice 2023-62, which delays the implementation of a key, and administratively troublesome, SECURE 2.0 Act provision […]
401(K) Current Events: IRS Releases Notice 2023-43, Interim Guidance On Secure 2.0 EPCRS Expansion
As we have previously reported, the SECURE 2.0 Act (SECURE 2.0), signed into law on December 29, 2022, represents a huge package of provisions affecting […]
401(K): IRS Releases Updated Operational Compliance List, Includes Secure Act Changes
On April 27, 2021, the IRS posted on its website its most recent updated operational compliance list for qualified retirement plans, including 401(k) plans. The […]
IRS Guidance on Secure Act Auto-Enrollment and Safe Harbor Plan Changes
On December 9, 2020, the Internal Revenue Service (“IRS”) issued question-and-answer guidance (Notice 2020-86) regarding certain changes to safe harbor 401(k) plans and auto-enrollment arrangements […]
Congress Passes CARES Act In Response to COVID-19 Crisis, Contains 401(k) Ease-of-Access and Other Provisions
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, the third piece of recent legislation passed in response […]
How Will The SECURE Act Affect Me? Highlights of Some of the Top New Provisions Affecting 401(k) Plans (PART TWO)
Passed by Congress and signed into law at the midnight hour as part of the 2019 comprehensive budget appropriation package, the Setting Every Community Up […]
How Will The SECURE Act Affect Me? Highlights of Some of the Top New Provisions Affecting 401(k) Plans (PART ONE)
Passed by Congress and signed into law at the midnight hour as part of the 2019 comprehensive budget appropriation package, the Setting Every Community Up […]